| stevehopwoodforex.com https://www.stevehopwoodforex.com/phpBB3/ Print view |
|
| 10.6 EDSEL https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3259 |
Page 94 of 234 |
| Author: | putusernamehere [ Fri Jan 17, 2014 9:03 am ] |
| Post subject: | Re: 10.6 EDSEL |
thanks Bob for the answer :hi: |
|
| Author: | fx800 [ Fri Jan 17, 2014 9:14 am ] |
| Post subject: | Re: 10.6 EDSEL |
Similar inside bar setup for NZDCHF. Both currency cross on H4. |
|
| Author: | nanningbob [ Fri Jan 17, 2014 9:19 am ] |
| Post subject: | Re: 10.6 EDSEL |
That was a quick 140 pips into the bank. Thank you NZD. |
|
| Author: | nanningbob [ Fri Jan 17, 2014 9:27 am ] |
| Post subject: | Re: 10.6 EDSEL |
Let me show you how to trade it. Price has touched 60 MA showing UT is done for now. Price rises up and hits a trend line (green line) several times with lower highs. You can now play the cross back over the DP (I didnt get that one) or go to the 1hour and trade there. Here is the 4 H set up. Once you get into the range area you will most likely not get a 4H STO signal. That is why I use the 1H for range setups. To review I have: 1. The knowledge that the NZD will follow the AUD the vast majority of time (not 100% but close enough) 2. Price has broken the 60 MA showing UT is over for now 3. price retraces and begins forming lower highs and starts making a nice trend-line. 4. I look to for places to enter and go to the 1H chart during range times. |
|
| Author: | fx800 [ Fri Jan 17, 2014 9:28 am ] |
| Post subject: | Re: 10.6 EDSEL |
Well done Bob. No one can match your agility. I missed the inside bar setups at mid night as it was bed time. |
|
| Author: | nanningbob [ Fri Jan 17, 2014 9:36 am ] |
| Post subject: | Re: 10.6 EDSEL |
When you range trade you ignore the dummy lights. This is strictly a price action read with entrance points determined by DP, 240 or 60 MA lines, or xxx.000 or xxx.050 lines. 1. 1H chart show price honoring the 4H trendline 2. STO7 1H gives us the signal to prepare to trade. 3. We can enter off of DP #1 4. 240 Line on 1H 60 on 4H #2 5. xxx.000 line #3 I took the 240 line and reentered again off of the xxx.000 So I am off to the races. HOLY COW gbp/nzd just exploded. WIth 3 trades going well over 200 pips. put them in the bank and set another trade above the xxx.000 line. Obviously a news story, dont know if it has legs or not. So in the bank they go. |
|
| Author: | nanningbob [ Fri Jan 17, 2014 9:47 am ] |
| Post subject: | Re: 10.6 EDSEL |
Dang news stories are all over the board. CAD and AUD depressing GBP super good. What the >>>>>>>>>>>?? OK Christmas sales were good in the UK. GBP most likely stays in its ranges but I enjoyed the quick ride. |
|
| Author: | tmchan [ Fri Jan 17, 2014 9:55 am ] |
| Post subject: | Re: 10.6 EDSEL |
First of all, I want to take you Bob and everyone for sharing all you insights. I just been a lurker for now since I'm still learning the ropes, but I find it quite straight forward what Bob is teaching us. Maybe in the next weeks I can also contribute in showing how 10.6 works. The NZD will follow AUD insight is golden. |
|
| Author: | lonelytrader [ Fri Jan 17, 2014 10:08 am ] |
| Post subject: | Re: 10.6 EDSEL |
ok so im done for the week, while there were mistakes, and plenty of them, the trade the trend, allows a newbie to make some and still come out roses. Gotta to give credit, first and formost to Nanningbob for this wonderful system. to the GBP who really saved my ass, to my annoying puppy, for if it wasnt for his 4am wake ups and play in the snow rather then a quick pee and back to bed, I would have missed this parade, as I am in one of the worst timezones to trade forex in. EST |
|
| Author: | fx800 [ Fri Jan 17, 2014 10:11 am ] |
| Post subject: | Re: 10.6 EDSEL |
deleted |
|
| All times are UTC | Page 94 of 234 |
|
Powered by phpBB® Forum Software © phpBB Limited |
|